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Other - MARCH 15, 2019

Envestnet to buy MoneyGuide for $500m

by Released

Envestnet has plans to acquire PIEtech, the creator of the MoneyGuide family of financial planning applications. MoneyGuide is a goals-based financial planning application used by financial advisors.

The sales price is $500 million.

“With MoneyGuide’s financial planning applications more deeply integrated into Envestnet’s wealth management solutions, enterprises, advisors and their clients can benefit from a frictionless wealth management technology solution across the application stack, driving higher productivity and better client outcomes,” said Jud Bergman, chairman and CEO of Envestnet.

PIEtech is focused on helping individuals control their financial future and security by planning for it. MoneyGuide solutions — including MoneyGuideOne, MoneyGuidePro and MoneyGuideElite — are integrated with more than 150 wealth management data and technology providers, and serve tens of thousands of financial advisors across enterprise, institutional and independent firms. Nearly two million financial plans have been created using MoneyGuide solutions in the past 12 months.

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